P N Gadgil Jewellers announced exceptional sales figures for its recent 3-Day Foundation Day celebration held from February 7th to 9th, 2026. The total revenue generated amounted to ₹365 crore, driven by strong consumer confidence and demand across all store locations in Maharashtra and other Indian states. The gold segment remained the primary contributor to this impressive performance.
Record Sales During Foundation Day Event
P N Gadgil Jewellers, a legacy brand with over 193 years of history, announced achieving total sales of ₹365 crore during its recent Foundation Day sales event, which ran from February 7th to 9th, 2026. The company noted an exceptional customer response, underscoring sustained consumer confidence in its offerings despite elevated gold prices.
Category-Wise Sales Breakdown
The ₹365 crore in total sales saw healthy contributions across all product categories:
- Gold Segment: Emerged as the leading contributor, recording sales of ₹336 crore with corresponding volumes of 203 kg.
- Silver Category: Showed healthy traction, recording sales of ₹7.4 crore with volumes reaching 274 kg.
- Diamond Category: Reported sales of ₹7.9 crore.
- Other Segment: Contributed ₹13.7 crore to the total revenue.
Management Commentary on Momentum
Dr. Saurabh Gadgil, Chairman & Managing Director, stated that the Foundation Day performance positively impacted business momentum and exceeded management expectations. He highlighted the strong customer trust placed in PNG Jewellers’ value-focused offerings.
The company witnessed robust traction across its core western markets, alongside strong performance gains in Madhya Pradesh, Uttar Pradesh, and Bihar. Dr. Gadgil expressed confidence that this start positions the company well to sustain momentum through the ongoing wedding season and the upcoming Gudi Padwa festival.
Source: BSE
